Market Update – 11 Stories We are Following this AM 10-3-22

In this episode Scott discusses:

1. The Nasdaq is down nearly 33.5%year to date. The S&P 500 is down nearly 25% and the Dow is down close to 22%.
2. Futures are pointing up this AM.
3. The fall in equities has been partially caused by aggressive raising of rates by the Fed.
4. At some point the hope is that the Fed will find the equilibrium between interest rates, inflation, and the markets.
5. The S&P index is right around 3,600.
6. Oil is right around $80 a barrel
7. Bitcoin remains strong at around $19,000.
8. Cannabis stocks getting hammered still.
9. Increased rumors that Credit Suisse is in deep financial trouble.

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